Paradigm Financial Partners LLC Raises Stake in Cisco Systems, Inc. (NASDAQ:CSCO)

Paradigm Financial Partners LLC boosted its position in Cisco Systems, Inc. (NASDAQ:CSCO) by 0.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 42,004 shares of the network equipment provider’s stock after purchasing an additional 297 shares during the period. Paradigm Financial Partners LLC’s holdings in Cisco Systems were worth $2,122,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kathleen S. Wright Associates Inc. purchased a new stake in Cisco Systems in the third quarter worth approximately $27,000. Valued Wealth Advisors LLC purchased a new stake in shares of Cisco Systems during the fourth quarter valued at approximately $32,000. Morton Brown Family Wealth LLC boosted its stake in shares of Cisco Systems by 41.9% during the fourth quarter. Morton Brown Family Wealth LLC now owns 704 shares of the network equipment provider’s stock valued at $36,000 after purchasing an additional 208 shares during the period. Bourgeon Capital Management LLC boosted its stake in shares of Cisco Systems by 3,500.0% during the fourth quarter. Bourgeon Capital Management LLC now owns 720 shares of the network equipment provider’s stock valued at $36,000 after purchasing an additional 700 shares during the period. Finally, Rakuten Securities Inc. purchased a new stake in shares of Cisco Systems during the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

Cisco Systems Stock Performance

Shares of Cisco Systems stock traded down $0.24 during trading on Friday, hitting $47.86. 14,658,910 shares of the company’s stock traded hands, compared to its average volume of 16,851,638. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.26. Cisco Systems, Inc. has a 1 year low of $45.56 and a 1 year high of $58.19. The stock has a market capitalization of $193.79 billion, a P/E ratio of 14.55, a PEG ratio of 2.76 and a beta of 0.87. The business has a 50-day simple moving average of $48.94 and a 200-day simple moving average of $50.04.

Cisco Systems (NASDAQ:CSCO) last released its quarterly earnings data on Wednesday, February 14th. The network equipment provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.84 by $0.03. Cisco Systems had a return on equity of 33.01% and a net margin of 23.49%. The company had revenue of $12.79 billion for the quarter, compared to analysts’ expectations of $12.71 billion. During the same period last year, the firm posted $0.76 earnings per share. Cisco Systems’s revenue was down 5.9% compared to the same quarter last year. As a group, analysts forecast that Cisco Systems, Inc. will post 3.13 EPS for the current year.

Cisco Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Thursday, April 4th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, April 3rd. This is a boost from Cisco Systems’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a dividend yield of 3.34%. Cisco Systems’s dividend payout ratio (DPR) is 48.63%.

Insiders Place Their Bets

In other Cisco Systems news, SVP Maria Victoria Wong sold 2,497 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total value of $124,850.00. Following the transaction, the senior vice president now directly owns 58,121 shares of the company’s stock, valued at $2,906,050. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Richard Scott Herren sold 13,942 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $50.00, for a total value of $697,100.00. Following the transaction, the chief financial officer now owns 328,491 shares of the company’s stock, valued at $16,424,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Maria Victoria Wong sold 2,497 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $50.00, for a total value of $124,850.00. Following the completion of the transaction, the senior vice president now directly owns 58,121 shares in the company, valued at approximately $2,906,050. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,441 shares of company stock valued at $972,080. Insiders own 0.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CSCO shares. Bank of America raised Cisco Systems from a “neutral” rating to a “buy” rating and increased their price objective for the company from $55.00 to $60.00 in a research note on Monday, April 15th. Needham & Company LLC restated a “hold” rating on shares of Cisco Systems in a report on Tuesday, April 9th. Wells Fargo & Company assumed coverage on Cisco Systems in a report on Thursday, February 15th. They set an “equal weight” rating and a $52.00 target price for the company. Citigroup assumed coverage on Cisco Systems in a report on Friday, April 12th. They set a “neutral” rating and a $52.00 target price for the company. Finally, UBS Group upped their target price on Cisco Systems from $54.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $55.53.

Cisco Systems Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.